A time capsule of the greatest financial mania in the history of mankind, told in real-time by regular folks and patriots. May future generations better understand the madness of crowds, and how power and money corrupt.

It's a sad image but shows a very real side to this situation. My co-worker spent his whole life building immaculate credit and now he is way over his head and can hardly make his payments and he could ruin his credit. When he gets depressed about it he tells me how guilty he feels for trusting his wife, his realator, his loan officer, he trusted them when they said everything was going to work out, now he is ashamed he wasn't more hands on with the process and really thought they had his interests in mind.

"Especially when it comes to estimating the true value of a home .... It has become impossible in So. Cal. to estimate the market value of a property.A house with a $600,000 value range ? How do you begin to work with data like that ?"

McFly! McFLY!!! Hello!!Don't even try to figure it out. Don't even consider buying anything for at least a year. Sheez! Why do you come to this blog? Something that inflated has a lot of downside risk. There is no quick turnaround coming. CHILL!!

Anonymous said... It's a sad image but shows a very real side to this situation. My co-worker spent his whole life building immaculate credit and now he is way over his head and can hardly make his payments and he could ruin his credit. When he gets depressed about it he tells me how guilty he feels for trusting his wife, his realator, his loan officer, he trusted them when they said everything was going to work out, now he is ashamed he wasn't more hands on with the process and really thought they had his interests in mind.

October 08, 2007 10:05 AM----------When sitting at the modern settlement table: